Taxes alone won’t help bring economic breakthrough, says Bank of Latvia governor
A review of the tax policy alone will not bring about a breakthrough for Latvia’s economy, said Bank of Latvia Governor Mārtiņš Kazāks…
Category: Business
Branson’s Virgin Orbit to lay off most of its employees
British billionaire Sir Richard Branson’s space travel company Virgin Orbit has not been able to attract new investment and plans to lay off…
Latvia needs more money – all 14 taxes to be reviewed
The volume of collected taxes in Latvia is insufficient to afford all of the outlined budget needs. This is why when working on…
Survey shows people in Latvia spend less money on medicines
In an attempt to limit living expenses, Latvian residents have started spending less money on clothes, footwear, housing repairs and medicines, according to…
Latvian minister says market capitalisation should reach 9% of GDP by 2027
By 2027 market capitalisation should reach at least 9% of GDP, said Latvian Minister of Finance Arvils Ašeradens in a conversation with journalists…
Credit Suisse’s takeover will be led by Ermotti
UBS Group AG has rehired veteran banker Sergio Ermotti to give the takeover of Credit Suisse into the hands of someone already experienced…
Electricity price goes down 25% in Latvia
The average electricity price in Latvia and Lithuania went down by 25% last year, as reported by Latvenergo representatives. The price went down…
Lower availability of alcohol will not reduce consumption, traders say
The regulations approved by the Latvian government to reduce availability of alcoholic beverages will not reduce overall alcohol consumption among residents, nor will…
Latvian power distribution company signs contract for financing from EU Recovery Fund
Latvian power distribution system operator Sadales tīkls JSC has signed a contract with the Ministry of Economics for the provision of EUR 41.9…
